President Kenyatta Defends Gov't Debt, Proposes Public Wage Cuts

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Published Mar 16, 2017

Kenya president Uhuru Kenyatta has defended his administrations against claims of taking too much debt. Kenyatta has told a joint sitting of parliament the current level of 50% of the GDP was within standards Kenya's debt has been on rise since 2012, where it stood at 38.2% to the current 52. % of the gross domestic product. Report from the treasury show that the public debt now stands at $30B. President Kenyatta in his state of the nation address however admitted that the country's wage bill has sky rocketed at the expense of development. The wage bill takes 50% of total revenue collected. He is now proposing salary cuts